Archive · Business Recorder
Palm flat after four-day slide as firmer Dalian oils offset weaker crude
KUALA LUMPUR: Malaysian palm oil futures ended flat on Thursday, as stronger rival Dalian oils countered pressure from softer crude oil prices and weaker Chicago soyoil. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.06%, to 4,771 ringgit ($1,168.22) a metric ton at the close. The contract fell 3.4% in the last four sessions. Crude palm oil futures traded cautiously, with sentiment remaining under pressure after recent weakness in crude oil and the broader vegetable oils market, although firmer Dalian futures provided som...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →